Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) Sees Large Drop in Short Interest

Pacer Data and Digital Revolution ETF (NYSEARCA:TRFK) saw a large decrease in short interest in July. As of July 15th, there was short interest totaling 14,590 shares, a decrease of 88.6% from the June 30th total of 128,116 shares. Based on an average daily volume of 190,337 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of TRFK. IFP Advisors Inc bought a new stake in Pacer Data and Digital Revolution ETF in the third quarter valued at $61,000. Nova Wealth Management Inc. increased its position in Pacer Data and Digital Revolution ETF by 134.9% in the 4th quarter. Nova Wealth Management Inc. now owns 1,238 shares of the company’s stock valued at $79,000 after buying an additional 711 shares in the last quarter. Synergy Investment Management LLC acquired a new position in Pacer Data and Digital Revolution ETF during the 4th quarter worth approximately $236,000. NewEdge Advisors LLC acquired a new position in Pacer Data and Digital Revolution ETF during the 3rd quarter worth approximately $278,000. Finally, Betterment LLC bought a new position in Pacer Data and Digital Revolution ETF in the fourth quarter worth approximately $304,000.

Pacer Data and Digital Revolution ETF Trading Down 2.8%

TRFK stock traded down $2.54 during mid-day trading on Monday, reaching $88.31. The company’s stock had a trading volume of 163,158 shares, compared to its average volume of 153,463. Pacer Data and Digital Revolution ETF has a 12 month low of $58.82 and a 12 month high of $115.58. The business’s 50 day moving average price is $99.21 and its 200 day moving average price is $79.42. The company has a market cap of $925.49 million, a price-to-earnings ratio of 41.50 and a beta of 1.52.

Pacer Data and Digital Revolution ETF Company Profile

The Pacer Data and Digital Revolution ETF (TRFK) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks market cap-weighted index of global companies involved in the use, manipulation, transmission, and storage of data, as well as the ancillary services that enable these processes. TRFK was launched on Jun 8, 2022 and is managed by Pacer.